Procter & Gamble annual operating margin
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2026
Procter & Gamble Operating Margin Growth & History (PG)
Procter & Gamble's operating margin was 22.69% for fiscal 2026.
View full Procter & Gamble company overviewProcter & Gamble annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2026 | 2026-06-30 | 22.69% | −1.57 pp |
| 2025 | 2025-06-30 | 24.26% | +2.20 pp |
| 2024 | 2024-06-30 | 22.07% | −0.05 pp |
| 2023 | 2023-06-30 | 22.11% | −0.10 pp |
| 2022 | 2022-06-30 | 22.21% | −1.41 pp |
| 2021 | 2021-06-30 | 23.63% | +1.49 pp |
| 2020 | 2020-06-30 | 22.14% | +14.03 pp |
| 2019 | 2019-06-30 | 8.11% | −11.89 pp |
| 2018 | 2018-06-30 | 19.99% | −1.16 pp |
| 2017 | 2017-06-30 | 21.16% | +0.58 pp |
| 2016 | 2016-06-30 | 20.58% | +4.97 pp |
| 2015 | 2015-06-30 | 15.62% | −31.70 pp |
| 2014 | 2014-06-30 | 47.31% | −0.01 pp |
| 2013 | 2013-06-30 | 47.32% | +1.42 pp |
| 2012 | 2012-06-30 | 45.90% | +26.79 pp |
| 2011 | 2011-06-30 | 19.11% | −1.18 pp |
| 2010 | 2010-06-30 | 20.28% | +0.24 pp |
| 2009 | 2009-06-30 | 20.05% | −0.12 pp |
| 2008 | 2008-06-30 | 20.16% | — |
Procter & Gamble quarterly operating margin
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| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q4 2026 | 2026-06-30 | 18.63% | −2.22 pp |
| Q3 2026 | 2026-03-31 | 21.55% | −1.50 pp |
| Q2 2026 | 2025-12-31 | 24.16% | −2.07 pp |
| Q1 2026 | 2025-09-30 | 26.16% | −0.51 pp |
| Q4 2025 | 2025-06-30 | 20.85% | +1.93 pp |
| Q3 2025 | 2025-03-31 | 23.05% | +0.96 pp |
| Q2 2025 | 2024-12-31 | 26.24% | +5.56 pp |
| Q1 2025 | 2024-09-30 | 26.67% | +0.30 pp |
| Q4 2024 | 2024-06-30 | 18.92% | −1.33 pp |
| Q3 2024 | 2024-03-31 | 22.08% | +0.92 pp |
| Q2 2024 | 2023-12-31 | 20.68% | −2.36 pp |
| Q1 2024 | 2023-09-30 | 26.37% | +2.41 pp |
| Q4 2023 | 2023-06-30 | 20.25% | +1.81 pp |
| Q3 2023 | 2023-03-31 | 21.17% | +0.41 pp |
| Q2 2023 | 2022-12-31 | 23.03% | −1.63 pp |
| Q1 2023 | 2022-09-30 | 23.96% | −0.74 pp |
| Q4 2022 | 2022-06-30 | 18.44% | −0.25 pp |
| Q3 2022 | 2022-03-31 | 20.76% | −0.14 pp |
| Q2 2022 | 2021-12-31 | 24.66% | −2.58 pp |
| Q1 2022 | 2021-09-30 | 24.70% | −2.64 pp |
| Q4 2021 | 2021-06-30 | 18.68% | −0.98 pp |
| Q3 2021 | 2021-03-31 | 20.90% | +0.84 pp |
| Q2 2021 | 2020-12-31 | 27.25% | +2.68 pp |
| Q1 2021 | 2020-09-30 | 27.34% | +3.23 pp |
| Q4 2020 | 2020-06-30 | 19.67% | +50.04 pp |
| Q3 2020 | 2020-03-31 | 20.06% | +0.44 pp |
| Q2 2020 | 2019-12-31 | 24.57% | +2.23 pp |
| Q1 2020 | 2019-09-30 | 24.10% | +2.81 pp |
| Q4 2019 | 2019-06-30 | −30.37% | −46.05 pp |
| Q3 2019 | 2019-03-31 | 19.61% | −0.10 pp |
| Q2 2019 | 2018-12-31 | 22.34% | −0.19 pp |
| Q1 2019 | 2018-09-30 | 21.29% | −0.61 pp |
| Q4 2018 | 2018-06-30 | 15.68% | −1.49 pp |
| Q3 2018 | 2018-03-31 | 19.71% | −1.82 pp |
| Q2 2018 | 2017-12-31 | 22.53% | −0.46 pp |
| Q1 2018 | 2017-09-30 | 21.91% | −0.92 pp |
| Q4 2017 | 2017-06-30 | 17.17% | +1.63 pp |
| Q3 2017 | 2017-03-31 | 21.53% | +0.47 pp |
| Q2 2017 | 2016-12-31 | 22.99% | +0.21 pp |
| Q1 2017 | 2016-09-30 | 22.83% | +0.03 pp |
| Q4 2016 | 2016-06-30 | 15.54% | +10.63 pp |
| Q3 2016 | 2016-03-31 | 21.06% | +3.19 pp |
| Q2 2016 | 2015-12-31 | 22.78% | +3.43 pp |
| Q1 2016 | 2015-09-30 | 22.80% | +3.44 pp |
| Q4 2015 | 2015-06-30 | 4.91% | −11.93 pp |
| Q3 2015 | 2015-03-31 | 17.87% | −2.52 pp |
| Q2 2015 | 2014-12-31 | 19.35% | −0.43 pp |
| Q1 2015 | 2014-09-30 | 19.35% | +2.82 pp |
| Q3 2014 | 2014-03-31 | 16.83% | −3.42 pp |
| Q2 2014 | 2013-12-31 | 20.39% | +1.34 pp |
| Q1 2014 | 2013-09-30 | 19.78% | +3.44 pp |
| Q3 2013 | 2013-03-31 | 16.53% | +4.21 pp |
| Q2 2013 | 2012-12-31 | 20.26% | +0.52 pp |
| Q1 2013 | 2012-09-30 | 19.05% | +3.71 pp |
| Q3 2012 | 2012-03-31 | 16.34% | −2.29 pp |
| Q2 2012 | 2011-12-31 | 12.33% | −7.63 pp |
| Q1 2012 | 2011-09-30 | 19.74% | −2.63 pp |
| Q4 2011 | 2011-06-30 | 15.34% | +0.18 pp |
| Q3 2011 | 2011-03-31 | 18.62% | −2.07 pp |
| Q2 2011 | 2010-12-31 | 19.96% | −2.18 pp |
| Q1 2011 | 2010-09-30 | 22.37% | −0.09 pp |
| Q4 2010 | 2010-06-30 | 15.16% | −3.53 pp |
| Q3 2010 | 2010-03-31 | 20.69% | +0.80 pp |
| Q2 2010 | 2009-12-31 | 22.14% | +1.62 pp |
| Q1 2010 | 2009-09-30 | 22.46% | +1.55 pp |
| Q4 2009 | 2009-06-30 | 18.69% | — |
| Q3 2009 | 2009-03-31 | 19.89% | — |
| Q2 2009 | 2008-12-31 | 20.52% | — |
| Q1 2009 | 2008-09-30 | 20.90% | — |
Procter & Gamble operating margin trends
Over the last five reported fiscal years, Procter & Gamble's operating margin decreased from 23.63% to 22.69%, a change of −0.94 percentage points. The latest reported quarter, Q4 2026, shows 18.63%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Procter & Gamble filings at SEC.gov ↗